NDC Pipeline Accelerator [NDF C98]
The NDC Pipeline Accelerator Trust Fund is an IDB led climate finance facility aimed at fast tracking bankable and sustainable projects that move Latin America and the Caribbean closer to realizing the targets of the 2015 Paris climate conference.
REGION
Latin America
PROJECT REFERENCE
NDF C98
DURATION
2017 to 2023
NDF FINANCING
EUR 10 million
FINANCING TYPE
Grant
IMPLEMENTING AGENCY
Inter-American Development Bank
NDF CONTACT
info@ndf.int
OBJECTIVE
The NDC Pipeline Accelerator Trust Fund is an IDB led climate finance facility aimed at fast tracking bankable and sustainable projects that move Latin America and the Caribbean closer to realising the targets of the 2015 Paris climate conference. It is one of the pillars of the IDB's NDC Invest platform and part of an integrated strategy to support countries in the next phase of delivering on the Paris commitments.
The Fund will provide grant support to cover the added costs of embedding climate and sustainability considerations in upstream project preparation and design and enable IDB project teams and country level counterparts to build in planning for low carbon growth, climate resilience and sustainability early in the project cycle.
NDF joins the Fund as the anchor donor, making finance available quickly and sending a signal to mobilise additional donors.
FINANCING
NDF financing to the Fund consists of a EUR 10 million grant. The IDB will commit USD 4 million in co-finance covering the first 4 years of operations and assess further commitments on a rolling basis. The IDB targets an additional USD 10 million from other donors by the end of 2017.
NDF CONTACT
info@ndf.int
MORE INFORMATION
Press release: IDB approves multi-donor trust fund to support sustainable project delivery
SDG Knowledge Hub February 2017 Climate Finance Update
Explore our platform NDC Invest from BIDtv on Vimeo.
